World Bank Cancels $500 Million Loan to Pakistan Over Delayed Energy Reforms
The World Bank has canceled a crucial $500 million budget support loan to Pakistan under the Affordable and Clean Energy…
Rupee Marginally Gains Against US Dollar Amid Global Currency Fluctuations
The Pakistani rupee recorded a modest gain against the US dollar, closing at Rs. 278.12 in the inter-bank market on…
SBP’s Upcoming Monetary Policy to Focus on Economic Growth and ADR Management
The State Bank of Pakistan (SBP) is poised to unveil its upcoming Monetary Policy Statement (MPS), which is expected to…
World Bank Approves $240 Million for Karachi’s Water and Sanitation Transformation
The World Bank has approved $240 million in funding for the Second Karachi Water and Sewerage Services Improvement Project (KWSSIP-2),…
Rupee Slides Further Against Dollar Amid Rising Import Payments
The Pakistani rupee continued its depreciation against the US dollar in the interbank foreign exchange market on Thursday, dropping by…
Pakistan Government Cuts Profit Rates on National Savings Schemes as of December 2024
In a move aimed at managing the country’s fiscal policies amidst shifting economic conditions, the Federal Government of Pakistan has…
Private Sector Credit Surges by Rs151 Billion in a Week
Private sector credit (PSC) in Pakistan experienced a notable rise of Rs151.28 billion in a single week, reaching Rs10.68 trillion…
Rupee Marginally Declines Against US Dollar
The Pakistani rupee experienced a slight decline against the US dollar in the interbank market on Tuesday, depreciating by 0.03%.…
Pak-America Business Summit 2024 Strengthens Trade Ties and Economic Cooperation
The Rawalpindi Chamber of Commerce and Industry (RCCI), in collaboration with the Pak-America Business Forum (PABF), recently hosted the 5th…
OICCI Survey Highlights Boost in Business Confidence in Pakistan for 2024
A recent survey conducted by the Overseas Investors Chamber of Commerce and Industry (OICCI) has revealed an increase in business…